Coast 2 Coast Funding Group Mortgage Rates, Fees & Info

IRVINE, CA

LEI: 5493005LE3FE2MIPPW66

Tax ID: 20-4459706

1 stars - out of 5 stars, based on 16 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Coast 2 Coast Funding Group is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Coast 2 Coast Funding Group has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, San Diego, and Oxnard among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Coast 2 Coast Funding Group has an above average approval rate when compared to the average across all lenders. Coast 2 Coast Funding Group is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.01% 3/31/23
    30 Year Conventional Refi 6.53% 3/31/23
    30 Year Cash-out Refi 7.02% 3/31/23
    15 Year Conventional Purchase 6.13% 3/31/23
    15 Year Conventional Refi 6.28% 3/31/23
    15 Year Cash-out Refi 6.28% 3/31/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    241

    Origination Dollar Volume (All Markets)

    $105,455,000

    Awards

    COAST 2 COAST FUNDING GROUP 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    Coast 2 Coast Funding Group's average 30 year fixed mortgage rate was 5.17%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.41%.

    Relative Fees (Closing Costs)

    Coast 2 Coast Funding Group's average total fees/closing costs for a 30 year fixed rate mortgage were $11,479.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 98 $42,890,000 $437,653 $12,416 5.07%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 49 $17,735,000 $361,939 $11,207 5.39%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 35 $15,585,000 $445,286 $10,133 5.59%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 21 $9,985,000 $475,476 $12,974 4.74%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 14 $6,790,000 $485,000 $10,820 4.54%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 11 $6,375,000 $579,545 $9,726 5.34%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $3,150,000 $393,750 $6,800 4.33%
    BEND, OR (FHA|USDA|VA) 1 $1,985,000 $1,985,000 $12,560 5.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $550,000 $275,000 $4,648 3.44%
    Newport, OR (FHA|USDA|VA) 1 $285,000 $285,000 $3,251 6.13%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $125,000 $125,000 $4,609 4.50%
    Coast 2 Coast Funding Group's top markets include Los Angeles, Riverside, San Francisco, San Diego, and Oxnard among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against COAST 2 COAST FUNDING GROUP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    People's Community Federal Credit Union
    Similarity Rank: 172
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    DHA FINANCIAL, LLC
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    Pacific NW Federal Credit Union
    Similarity Rank: 962

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 241 $105,455,000 $437,573 $11,351 5.13%

    For 2022, Coast 2 Coast Funding Group's most frequently originated type of loan was Conventional, with 241 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 134 $53,610,000 $400,075 $11,979 5.18%
    Home Purchase 93 $44,625,000 $479,839 $11,079 5.24%
    Refi 13 $6,855,000 $527,308 $7,073 3.85%
    Other 1 $365,000 $365,000 $8,062 3.25%

    For 2022, Coast 2 Coast Funding Group's most frequently cited loan purpose was Cash Out Refi, with 134 originations. The 2nd most popular reason was Home Purchase, with 93 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 231 $102,435,000 $443,442 $11,479 5.17%
    15 Year 6 $2,010,000 $335,000 $9,686 4.60%
    20 Year 3 $875,000 $291,667 $7,397 3.63%
    Other 1 $135,000 $135,000 $3,655 2.88%

    For 2022, Coast 2 Coast Funding Group's most frequently cited loan duration was 30 Year, with 231 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 186 $82,740,000 $444,839
    $1k-2k 33 $16,985,000 $514,697
    $3k-4k 8 $1,700,000 $212,500
    $4k-5k 8 $2,110,000 $263,750
    $2k-3k 6 $1,920,000 $320,000

    Coast 2 Coast Funding Group's average total fees were $11,479, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 186 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 57 $25,105,000 $440,439
    4-5% 55 $26,855,000 $488,273
    3-4% 52 $22,980,000 $441,923
    6-7% 51 $19,305,000 $378,529
    7-8% 17 $6,805,000 $400,294
    2.5-3% 9 $4,405,000 $489,444

    During 2022, Coast 2 Coast Funding Group's average interest rate for loans was 5.17%, while their most frequently originated rate bucket for loans was 5-6%, with 57 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 99 $48,485,000 $489,747 $12,014 5.06%
    $200k-400k 83 $25,795,000 $310,783 $9,650 5.35%
    $600k-1MM 39 $26,395,000 $676,795 $16,088 4.84%
    $100k-200k 19 $2,795,000 $147,105 $5,540 5.10%
    $1MM+ 1 $1,985,000 $1,985,000 $12,560 5.00%

    2022 saw Coast 2 Coast Funding Group place emphasis on $400k-600k loans with 99 originations, totaling $48,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 78 $36,280,000 $465,128 $12,063 5.21%
    $150k-250k 47 $25,315,000 $538,617 $12,269 5.18%
    $75k-100k 46 $19,390,000 $421,522 $11,973 4.97%
    $50k-75k 35 $10,815,000 $309,000 $10,088 5.00%
    $250k+ 18 $10,300,000 $572,222 $10,641 4.96%
    $50k or less 17 $3,355,000 $197,353 $7,214 5.40%

    Coast 2 Coast Funding Group lent most frequently to those with incomes in the $100k-150k range, with 78 originations. The second most popular income band? $150k-250k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    49% 28 $11,880,000 $424,286 $12,103 4.95%
    44% 28 $12,100,000 $432,143 $13,332 5.68%
    30-36% 24 $11,450,000 $477,083 $11,859 4.63%
    20-30% 23 $9,835,000 $427,609 $8,879 4.85%
    48% 18 $7,740,000 $430,000 $13,144 5.48%
    43% 17 $7,965,000 $468,529 $12,041 5.42%
    41% 16 $7,280,000 $455,000 $10,689 4.66%
    47% 12 $4,470,000 $372,500 $10,203 5.12%
    45% 11 $4,215,000 $383,182 $9,657 5.34%
    42% 11 $4,725,000 $429,545 $10,596 5.61%
    37% 10 $4,750,000 $475,000 $12,485 4.52%
    40% 9 $3,185,000 $353,889 $8,700 5.19%
    39% 9 $3,665,000 $407,222 $11,168 5.21%
    <20% 8 $3,900,000 $487,500 $8,258 5.06%
    46% 7 $3,435,000 $490,714 $13,718 5.69%
    38% 5 $2,645,000 $529,000 $11,226 4.97%
    36% 5 $2,215,000 $443,000 $11,035 4.70%

    Coast 2 Coast Funding Group lent most frequently to those with DTI ratios of 49%, with 28 originations. The next most common DTI ratio? 44%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 158 $67,800,000 $429,114 $11,542 5.05%
    Asian 43 $20,385,000 $474,070 $10,782 5.05%
    Black 29 $11,965,000 $412,586 $12,632 5.59%
    Not provided 7 $3,075,000 $439,286 $8,736 4.87%
    Asian Indian 2 $1,100,000 $550,000 $4,559 6.00%
    Native Hawaiian or Islander 1 $615,000 $615,000 $8,008 5.13%
    Filipino 1 $515,000 $515,000 $3,722 5.99%

    Approval Rates

    Total approvals of all applications
    100.00%

    Coast 2 Coast Funding Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 241 $105,455,000 $437,573

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    241 $105,455,000 $437,573

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $5,865,000 $234,600 $8,074 5.52%
    40-60% 49 $18,805,000 $383,776 $10,477 4.90%
    60-80% 115 $57,405,000 $499,174 $12,573 4.86%
    80-100% 46 $22,450,000 $488,043 $11,695 5.69%
    Under 20% 6 $930,000 $155,000 $6,080 6.10%